The Industrial Coating Equipment Market is being driven by Increasing demand from end-user industries
The Industrial Coating Equipment Market is expected to grow at a CAGR of 5.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3936.5 million. The industrial coating equipment market is experiencing substantial growth due to the introduction of innovative solutions enhancing productivity, accuracy, and user-friendliness. Notably, Nordson Electronics Solutions unveiled the ASYMTEK Select Coat SL-1040 on November 28, 2023. This advanced conformal coating system caters to high-volume printed circuit assembly processes. Key features include the SC-450 PreciseCoat Jet, EasyCoat software, and an ultrasonic cleaning station, ensuring increased uptime and cost efficiency. The SL-1040 is outfitted with dual and triple applicators, enabling increased throughput and selective coating for optimal yield, while avoiding keep-out zones. These advancements address the evolving industry requirements, ensuring superior performance and cost-effectiveness.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
214 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
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Market growth 2025-2029 |
USD 3936.5 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
5.0 |
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Key countries |
US, China, Germany, India, Japan, UK, Brazil, South Korea, France, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Industrial Coating Equipment Market encompasses various types of equipment used in applying coating materials to manufacturing facilities, building & construction projects, power generation industry, charging stations, and electric mobility sectors. Aesthetic characteristics and protective functions are key considerations for coating processes, which include liquid coating equipment (rollers, brushes), powder coating equipment, and specialty coating processes. Industrial needs, such as preventing rusting, degradation, and air drag, drive the demand for these solutions. Incentives like subsidies and customer requirements further fuel the market growth. Coating materials used in manufacturing electronic devices and metal components are also included in this market scope. Electric vehicles and renewable energy sectors are emerging areas of opportunity. Coating equipment and specialty coating equipment are essential tools to meet these industrial needs.
The industrial coating equipment market is a significant segment of the larger industrial machinery and supplies and components market. This market encompasses companies specializing in the production of equipment used for applying protective and decorative coatings. Key drivers for the growth of this market include the increasing demand for coating solutions in various industries, such as infrastructure, electric vehicles, and their components. Coating manufacturers continue to innovate and develop advanced coating technologies to meet the evolving needs of their clients. The coating market is expected to expand due to the rising production capacities in process and discrete industries, particularly in developing countries, where there is a growing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. As a leading coating equipment supplier, we are committed to staying at the forefront of coating equipment development, providing solutions for various applications, including coating for furniture and other industrial uses.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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